Matching Grant Scheme
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Quick Answer
Goa Startup Mission equity co-investment: matching 25% of funds you raised, up to ₹25 lakh, for Goa-based pre-launch startups with prior funding from a recognized source.
- Funding amount
- Up to ₹25 Lakhs
- Funding type
- Equity
- Provider
- Goa Startup Mission
- Application deadline
- Rolling
- Eligible stage
- Product
- Location
- Goa
About this funding program
Goa-based startups that have raised money before launching their product can get matching funds from the Government of Goa. Through the Start-up Promotion Cell (SPC), the government contributes 25% of the funds you raised, up to INR 25,00,000 (INR 25 lakh). The Department of Information Technology, Electronics and Communications runs the scheme.
This is an equity co-investment, so the SPC/Government gets proportionate ownership of stock in your startup. It follows due diligence by the SPC.
The benefit goes to 20 selected startups a year. Once the SPC approves your application, funds are typically disbursed within 60 days. The SPC alone decides whether to approve or reject, and the benefit is not an entitlement.
You need an SPC certificate number, a pre-launch or pre-revenue product, and prior funding from a registered or recognized source. Apply 1-3 months before product launch.
Eligibility
See if you're eligible
Full eligibility criteria — entity type, stage, sector, founder profile and registration requirements — plus your fit for this program. Sign up to view.
Funding providers
Startup Goa, listed here as Goa Startup Mission, is the Government of Goa's startup programme. It is run by the Startup and IT Promotion Cell (SITPC) of the Department of Information Technology, Electronics and Communications, from the IT Hub at Altinho in Panaji. The cell…
Learn moreBenefits & Funding
- Amount
- Up to ₹25 Lakhs
What You Get
The scheme offers an equity co-investment where the Government of Goa matches 25% of the funds raised by a startup from a registered/recognized funding source. The maximum benefit under this scheme is capped at ₹25,00,000 (₹25 lakh). In return, the Government acquires proportionate ownership of stock in the startup. This support is crucial for startups in their pre-product launch phase.
- Disbursement
- Lump Sum
- Cohort size
- 20 startups
Timelines & Process
Applications
Rolling basis
Selection Process
Applications are subject to a due diligence process conducted by the Start-up Promotion Cell (SPC). All applications are evaluated, and applicants are notified of approval or rejection within 45 days from the date of receipt by the SPC. The SPC reserves the sole right to accept or reject any application.
Application Process
- 1
Register Online
Visit the Goa Startup Mission website, verify details, and create an account.
You - 2
- 3
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- 5
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How to apply
Four steps from draft to disbursement — one action each.
- 1
Draft your application
Answer the form inside the grant tracker — AI drafts each response using your past answers, so you're not starting from a blank page.
- 2
Submit on the official portal
Use the official application link and verify all details before final submission.
- 3
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Frequently Asked Questions
What is the maximum funding available under this scheme?
The maximum benefit provided under the Matching Grant Scheme is INR 25,00,000 (INR 25 lakh).
What is the funding mechanism?
This is an equity co-investment where the Government of Goa provides 25% matching funds in exchange for proportionate ownership of stock.
Which stage of startups are eligible?
Only startups in the pre-product-launch/pre-revenue stage are eligible. The product should not have been previously available in the market.
Is prior funding required?
Yes, startups must have already raised funds from a registered/recognized funding source to be eligible for this matching grant.
How long does it take for application approval and disbursement?
Applications are evaluated, and approval or rejection is notified within 45 days. The approved amount is disbursed within 60 days from the date of approval.
Sources
Data on this page is compiled from official program and provider references.
